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National Internal Revenue Code of 1997 5th Edition
The BIR has issued Revenue Memorandum Circular (RMC) No. 43 – 2023 on filing of an appeal against the Final Decision on Disputed Assessment (FDDA) last April 14, 2023. To note, the FDDA pertains to the final decision of the Commissioner of Internal Revenue (CIR) or his duly authorized representatives on the protest of Final Letter of Demand/Final Assessment Notice (FLD/FAN).
In today's fast-paced world, "digital disruption" has become a buzzword, referring to the rapid changes and transformations brought about by technology in various industries and sectors.
If transfer pricing documentation (TPD) were a movie, the benchmarking analysis would be the plot. A well-crafted plot bears weight on the quality of a movie as much as a well-prepared benchmarking analysis bears weight on the quality of a TPD.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 40-2023 last March 29, 2023, announcing the availability of the offline electronic Bureau of Internal Revenue Forms (eBIRForms) Package Version 7.9.4.
Not all heroes wear capes. This oft-cited reference to good leaders carries with it much wisdom. Reality can be stranger than fiction, and a person in real life can be as good a leader as any idealized superhero in our favorite comic books or in movies
On 21 March 2022, RA No. 11659, otherwise known as an Act Amending CA No. 146 or the Public Service Act, was signed into law, thereby amending the decades-old Public Service Act. With the end view of attracting foreign investments to the country to boost market competitiveness, foster innovation, and create high-quality jobs, other public service business as airport operation, railway, and even expressways may now be owned 100% by foreign entities subject to the grant of administrative franchise by the concerned administrative agencies tasked to oversee or regulate these undertakings.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 29-2023 last March 10, 2023, relative to RMC No. 98-2010 which prescribed the guidelines and procedures regarding unserved Letters of Notice, Letters of Authority and Tax Verification Notices concerning taxpayers which could not be located (CBL) in their registered addresses.
Many of us, if not most, have grown accustomed to hearing that there is unity in diversity. In terms of unity, truly, no man is an island, and this adage is true in the workplace. We can only achieve so much on our own and we will always need help and support from our mentors and colleagues. As for diversity, statistics also show that there is beauty and resilience in embracing inclusion and diversity.
